LogFAQs > #945267382

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	My dividend income is slowly picking up. Good sign of things to come
CableZL 09/30/20 11:12:44 AM #37:	J03can posted... There is a Canadian energy company that ive been told has a 3%+ dividend. So basically if i were to invest $10000 i would just get that 3% quarterly (if they pay out quarterly) despite how the stock is performing? Or am i way off and are stocks and dividends are 2 different things? Also, whats the catch? When does this stop? The amount you get depends on what the company decides to pay out. The amount will usually vary slightly every period. And yeah, you would get the amount quarterly. If companies perform poorly, they can decide to suspend their dividend payments for a period of time or indefinitely, so it's just something to pay attention to. The dividend payout period and the amount they paid in their last distribution will be listed when you look up that particular stock symbol. The only thing you'd have to be mindful of with dividend income is that it isn't taxed right away like your income from your job. As long as you make more than $10 total in dividends in a year, you have to report that on your taxes when you do your annual filing. It only stops under 2 conditions: You sell your shares of that company That company decides to suspend their dividend payouts. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:945267382] in My dividen... [t:79007642]...</cite> <quote>J03can posted... </cite> <quote>There is a Canadian energy company that ive been told has a 3%+ dividend. So basically if i were to invest $10000 i would just get that 3% quarterly (if they pay out quarterly) despite how the stock is performing? Or am i way off and are stocks and dividends are 2 different things? Also, whats the catch? When does this stop?</quote> The amount you get depends on what the company decides to pay out. The amount will usually vary slightly every period. And yeah, you would get the amount quarterly. If companies perform poorly, they can decide to suspend their dividend payments for a period of time or indefinitely, so it's just something to pay attention to. The dividend payout period and the amount they paid in their last distribution will be listed when you look up that particular stock symbol. The only thing you'd have to be mindful of with dividend income is that it isn't taxed right away like your income from your job. As long as you make more than $10 total in dividends in a year, you have to report that on your taxes when you do your annual filing. It only stops under 2 conditions: You sell your shares of that companyThat company decides to suspend their dividend payouts. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg</quote> ... Copied to Clipboard!
Topic List	Page List: 1